5 Most Promising Chinese Stocks According to Analysts

In this article, we discuss 5 most promising Chinese stocks according to analysts. If you want to read our discussion on the Chinese stock market, head over to 11 Most Promising Chinese Stocks According to Analysts. 

5. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 18

Average Analyst Price Target: $10.55

Average Upside Potential: 90.43%

NIO Inc. (NYSE:NIO) specializes in designing, developing, manufacturing, and selling smart electric vehicles. The company offers electric SUVs and sedans, along with power solutions such as home charging, battery swapping, and mobile charging services. NIO Inc. (NYSE:NIO) is one of the most promising Chinese stocks. 

In January 2024, NIO Inc. (NYSE:NIO) achieved a year-over-year growth of 18.2%, delivering 10,055 vehicles. However, there was a significant month-over-month decrease of 44%. As part of its strategic initiatives, NIO expanded its power swap network to the broader industry and formed battery swapping partnerships with JAC Group and Chery Automobile. Moreover, in collaboration with key investors, the company established Zhongan Energy with the goal of constructing 1,000 battery swap stations across China.

According to Insider Monkey’s third quarter database, 18 hedge funds were bullish on NIO Inc. (NYSE:NIO), compared to 19 funds in the last quarter. Jos Shaver’s Electron Capital Partners is a prominent stakeholder of the company, with 4.2 million shares valued at $38 million.